Phillips 66 (PSX) has cut gasoline output at its Bayway refinery in New Jersey following a fire close to the plant's gasoline producing unit, Reuters reported Thursday, citing two people familiar with the matter.
The production outage was due to an ancillary piece of equipment that caught fire, the people reportedly said. The report said it wasn't immediately clear what caused the fire.
The refinery is due to resolve the issue in the coming days and come back to full production, according to one of the sources.
The energy company didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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